Tuesday Morning Still Looks Mournful, at Least Compared to Big Lots

Yesterday's semi-annual visit to the dentist was followed by what has become a tradition over the past several years: visits to the Tuesday Morning Corp. (TUES) and Big Lots Inc. (BIG) stores that are both nearby. Unfortunately, Tuesday Morning had other plans; this location is now vacant, the sign removed, one of the 41 stores the company has closed this year. I pondered that very question in a May column -- when will our local Tuesday Morning close? -- and got the answer yesterday.

As the off-price retailer attempts to survive what only can be described as a vicious retail environment, Tuesday Morning also has relocated 52 stores, opened 21 and expanded 13 in an attempt to get into higher traffic areas. Results are mixed so far. While same-store sales were up 1.8% for the most recent quarter, the company missed "consensus" estimates (just one analyst covers the stock) for both revenue ($223.6 million vs. $226.8 million) and earnings (loss of 39 cents a share vs. an expected 28-cent loss)....352 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.